Is Wilmington Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wilmington Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Wilmington Township has remained a Seller's Market.

Key Takeaway

Wilmington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wilmington Township, IL

How much do homes in Wilmington Township, IL cost?

Median Sold Price

$186,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$6,500(+3.6%)

Key Takeaway

Homes in Wilmington Township have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Wilmington Township was $186,000 in May 2024, up 3.6% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $103.2K$118.5K
+14.8%
2 $159K$168.9K
+6.3%
3 $213.5K$231.5K
+8.4%
4 $376.5K$242.5K
-35.6%
5+ $325K$273.5K
-15.8%

Summary: Wilmington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 35.6%, and 5+ bedroom homes decreased by 15.8%.

Median Sold Price Compared To Nearby Cities

Braidwood
+11.8%
Reed Township
+10.1%
Wilmington Township
+3.6%
Wilmington
+3.3%
Diamond
-3.8%

Housing Supply in Wilmington Township, IL

How many homes are available in Wilmington Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4248+14.3%

Summary: The Wilmington Township real estate market had 48 homes for sale in May 2024, a 14.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 89
+12.5%
2 912
+33.3%
3 1417
+21.4%
4 109
-10.0%
5+ 11
0.0%

Summary: The Wilmington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wilmington Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Wilmington Township in May 2024, down by 9.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.

Days on Market for Wilmington Township, IL

How long does it take to sell a home in Wilmington Township, IL?

Average Sale Time

May 2023May 2024CHANGE
30 Days18 Days-38.7%

Summary: Homes in Wilmington Township had an average of 18 days on market in May 2024, down by 38.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wilmington Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 10 homes were sold in Wilmington Township; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Wilmington Township, IL

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